Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Ecuadorian President Daniel Noboa's motorcade comes under fire in Ecuador
Al Mayadeen's correspondent in Lebanon: Israeli quadcopter drops two shells on cafe in Houla town in South Lebanon
Informed source to Al Mayadeen: SDF Commander-in-Chief Mazloum Abdi demands that al-Sharaa approve the establishment of an autonomous region similar to the Kurdistan Region of Iraq.
Israeli media: Three drones launched from Yemen toward Eilat in span of 20 minutes.
Qatari Foreign Ministry: "Israel" should have already ceased fire under Trump plan for Gaza
Qatari Foreign Ministry: Release of Israeli captives will mark end of war in Gaza in accordance with Trump plan.
Israeli media: Security incident in Gaza Strip classified as serious results in six wounded soldiers so far, two critically injured.
Al Mayadeen's correspondent in South Lebanon: Israeli drone strike targets vehicle in Deir Ames, Tyre governorate.
Lebanese Ministry of Health: Final toll from airstrike on car in Zebdine, Nabatieh District: Two martyrs, four injured
Egyptian media: Indirect talks between Hamas and Israelis begin in Sharm el-Sheikh.

ChatGPT's OpenAI may go bankrupt in 2024: Report

  • By Al Mayadeen English
  • Source: Analytics India Magazine
  • 14 Aug 2023 16:26
2 Min Read

Sam Altman's company is currently facing several challenges, the most important of which is a sharp decrease in user visits.

  • x
  • ChatGpt
    The OpenAI logo is seen on a mobile phone in front of a computer screen displaying output from ChatGPT, on March 21, 2023 (AP)

A report published in Analytics India Magazine warned that Artificial Intelligence company OpenAI may go bankrupt by the end of 2024 if it doesn't generate enough profit soon.

The report explained that while Sam Altman's company spends almost $700,000 per day to run AI studio ChatGPT, Microsoft and several other investors are covering these costs at their own expense.

"Microsoft’s $10 billion investment in OpenAI is possibly keeping the company afloat at the moment," the report indicated.

Related News

How Sam Altman became Trump's AI buddy, leaving Elon Musk in the dust

Altman rejects Musk $97.4bln OpenAI bid, makes 9.74bln X counteroffer

"But on the other hand, OpenAI projected an annual revenue of $200 million in 2023, and expects to reach $1 billion in 2024, which seems to be a long shot since the losses are only mounting," it explained, highlighting that in May, OpenAI’s losses doubled to $540 million since it launched ChatGPT.

The article pointed to the decreasing number of user visits to ChatGPT and referred to SimilarWeb statistics, which revealed that after reaching a record high of 1.9 billion user visits in May this year, the generative AI chatbot saw 1.7 billion in June and just 1.5 billion in July.

The AI studio would also bump into Elon Musk's alternative chatbot.

"Interestingly, his idea of building a ‘TruthGPT’, which is not as politically biased as ChatGPT, was found interesting by a lot of people," Analytics India Magazine's report added.

Read more: Boosted productivity through ChatGPT comes at huge risks

  • Sam Altman
  • Artificial Intelligence
  • ChatGPT
  • openAI
  • Microsoft

Most Read

Tucker Carlson speaks at a memorial for Charlie Kirk, Sunday, September 21, 2025, at State Farm Stadium in Glendale, Arizona (AP)

Tucker Carlson: Israeli officers gave orders on Iran inside Pentagon

  • Politics
  • 2 Oct 2025
A Hamas fighter in combat fatigues stands before the ceremony for the handover of Israeli captives to the Red Cross in Nuseirat, central Gaza Strip, Saturday, February 22, 2025 (AP)

Hamas responds to Trump plan, backs Gaza withdrawal, exchange

  • Politics
  • 3 Oct 2025
ap

'Israel' pays influencers $7K per post to whitewash Gaza genocide

  • Politics
  • 1 Oct 2025
Ships that are part of the Global Sumud Flotilla heading to Gaza are anchored off the coast of of Sidi Bou Saïd in Tunis, Tunisia, Tuesday, September 9, 2025. (AP Photo/Anis Mili)

Global Sumud Flotilla accuses Italy of sabotage, vows to sail on

  • Politics
  • 1 Oct 2025

Coverage

All
War on Gaza

Read Next

All
In this May 20, 20201, photo Marine Gen. Frank McKenzie, the head of US Central Command, arrives in Baghdad, Iraq (AP)
Politics

US spent $33 billion on post-Oct.7 genocide, wars, Brown Uni reports

Speaker of the House Mike Johnson, R-La., holds a news conference to mark the seventh day of the government shutdown, at the Capitol in Washington, Tuesday, Oct. 7, 2025. (AP)
Politics

US troops face unpaid wages as government shutdown drags on

Mourners wave Hezbollah and a Palestinian flag during the funeral of Hezbollah former leader Sayyed Hassan Nasrallah and his successor Sayyed Hashem Safieddine in the Sports City Stadium in Beirut, Lebanon, Sunday, February 23, 2025 (AP)
Politics

Hezbollah voices support for Gaza, Resistance on October 7 anniversary

Al-Aqsa Flood restored Palestinian cause on the global stage: Hamas
Politics

Al-Aqsa Flood restored Palestinian cause on the global stage: Hamas

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS